Titlebook: Austerity Politics and UK Economic Policy; Craig Berry Book 2016 The Editor(s) (if applicable) and The Author(s) 2016 Austerity.Growth.Fin

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Welfare Retrenchment and the Perversion of Full Employment,rnments, reducing actual expenditure on social security benefits has not. This is principally explained by the relationship between labour market outcomes and benefit expenditure. Welfare ‘retrenchment’, in combination with benefit sanctions and employment support programmes, helps to reinforce the

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,What’s Left?,d Miliband, the Labour Party struggled to construct an alternative to the pre-crisis growth model while accommodating austerity and, specifically, the perceived need for deficit reduction. The election of Jeremy Corbyn as Labour leader offers the prospect of a more coherent anti-austerity politics o

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Conclusion,novel, but rather drew upon extant traditions of thought, most obviously those associated with the notion of austerity. As such, the crisis has been defined in accordance with the perspectives and interests of some groups rather than others, drawing upon certain values and assumptions about economic

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https://doi.org/10.1007/978-3-642-17977-8t imbalances to which policy is ostensibly being addressed are those between the finance and manufacturing sectors, and between Northern and Southern England. However, rebalancing does not endorse a critique of either finance-led growth or laissez-faire industrial policy. Instead, it serves to furth

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The Topology of , and Its Compactifications,have also repeatedly failed to meet their fiscal targets in this regard. Keynesian economists have criticised the intention to radically cut spending, but also identified an apparent relaxation of George Osborne’s cuts agenda as decisive in the resumption of steady growth in 2013. However, a Keynesi